Townhouses
in Toronto often can make an excellent "middle ground"
between a detached single family home and a full fledged condominium
because, to some degree, they offer attributes of both. A townhouse
by definition is a home that is attached to one or more other
houses, but which sits directly on a parcel of land that you
also own (if you don't own the land, it is a condominium). For
this discussion, townhouses can ranges from duplexes and triplexes
all the way through huge townhouse communities consisting of
hundreds of similar homes. There is a good degree of variance
in the way townhouse communities are structured. It may be a
simple agreement (as is often the case of duplexes and triplexes)
that each parcel of land and the home that sits on it is separately
owned. In the case of larger townhouse communities, you will
generally have an additional shared ownership in the common
areas of the complex as well as any amenities such as swimming
pools, park areas, etc. This ownership you will share jointly
with all other townhouse owners in the complex. In any townhouse
purchase that involves a Toronto Homeowners' Association, it
is vitally important to get as much information as you can,
since the association can have a considerable impact on your
ownership experience.
Toronto townhouses are a popular Toronto housing option with
average price ranges $150,000 to $300,000. New townhouses are
being built throughout Toronto.
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